After 5,5 then go down till it reach 0,00000 LOL LOL LOL

Yeah, as expected...closed at 5,5 cents wooohoooooo....nexgram is one step away from bankrupty LOL LOL

Noooooo it back to 6 too soon.....damn you tey por yee-ooi kock aun LOL LOL LOL

As predicted. Today closed at 5,5 cent LOL LOL LOL

Let see what tomorrow will bring, either back to 6 or further reduction to 5 LOL LOL

You think goreng is good eh? Last time they does it, pt inovisi's shares dropped 70% in two days, got suspended by the sc and the investors could not withdraw their investments.

Holy mother of God....the trading volume is 32million? Wew, tey and ooi goreng goreng again LOL LOL LOL

Noooo, it back to 6...damn you tey por yee, ooi kock aun. Burn you to hellll..

You owned nexgram's shares right? You have to care given nexgram is tey and ooi's flagship company LOL LOL LOL

KUALA LUMPUR, Jan 15 — A former director of Protasco Bhd was charged in the Ampang Sessions Court today with fraud involving RM68 million, and making a false declaration, four years ago.

Datuk Tey Por Yee, 40, claimed trial to both charges. On the first charge, he is accused of concealing information from the company’s board of directors and officers that he had a vested interest in a company, PT Anglo Slavic Utama in Indonesia.

In so doing, he allegedly misled the victims into entering into an oil and gas investment agreement with PT Anglo Slavic Utama through the purchase of 63 per cent of PT Anglo Slavic’s shares in Indonesia worth US$22 million (RM68,393,170).

The payment for the shares was allegedly channelled in stages to two CIMB PT ASU accounts.

Tey is accused of committing the offence at Protasco Bhd’s office at Corporate Building Unipark Suria, Jalan Ikram-Uniten, Kajang here, between November 2012 and January30, 2014.

On the second charge, he allegedly made a sworn false statement before Wern Li Morsingh, a Commissioner of Oaths that he did not have any vested interests in PT Anglo Slavic Utama, whether as a director or shareholder. He is accused of committing the offence in the company’s conference room at the same place on July 25, 2014.


Judge Rushan Lutfi Mohamed set bail at RM1 million with one surety and February24 for re-mention.

Tey was also ordered to surrender his passport to the court and to refrain from harassing the prosecution’s witnesses.

Deputy public prosecutor Datin Nurshuhaida Zainal Azahar acted for the prosecution while counsel Datuk K.Kumaraendran and Mak Lin Kum represented the accused. — Bernama

- See more at: http://m.themalaymailonline.com/malaysia/article/ex-company-director-charged-with-rm68m-fraud#sthash.BTDDP6rc.dpuf

Ssboy, don't care about protasco as i have nothing to do with them. But, i wouldn't worry since protasco is under the protection of tun daim. On the other hand, nexgram is an empty shell company without assets or projects. Come on what company will declare that they don't know who is the other shareholders of one of their assets?

@ejsaham, the buyers of course the companies of tey and ooi.

If only you heed to my warning and cut loss at 7 cents..

Worst case scenario, today should closed at 5,5 cents but it would be better if fall down to 4,5 cents LOL LOL

Yes, 5 cents...

Holy crap on the craker. Today trading already reach 17million. On par with it one month a average.

Let see if 5 cents finally happens today.

Let me tell you another secret.

Most of nexgram's shares are owned by tey and ooi's companies and/or their proxies. So what they do to cook the shares are by trading the shares between these companies/proxies until they reach the target price.

Trading volume before lunch time: 10,500,000. Shares drop from 6 cents to 5,5 cents.

Make you wonder who bought these shares and why, doesn't it?

Welcome back Tey and Ooi LOL LOL....

Time to bury nexgram LOL LOL LOL LOL

5,5 cents yihaaa...

Yeah, 5,5 cents woohoooo...

Wait, 9,6million trading volume in half a day? That is twice of astro's trading volume in one month LOL LOL LOL

The great late Steve Jobs once teach us to never invest in a company that does not know it owned core value of their products. Nexgram for example.

Nexgram is an IT company right? So what is it doing acquiring or plan to acquire transeaway, ire-tex, SHDB etc? add to that tey and ooi acquisition to mdcorp, hytex, protasco, wintoni, etc.

Simply put, nexgram does not have a sound business plan and did not have any idea of what it going to do in the future. Their plan so far look like merely acquiring companies who are sending distressed signal and hope to emulate how Bill Ch'ng turn MPCorp around from a bankrupt company to a profitable company (for a while anyway).

But the thing is, tey and ooi does not have the business savvy of Bill Ch'ng. Tey and ooi may think that they are great venture capitalist but they can't shake this poor man who been living in poverty mentality so they will take anything they can eat without considering that they already have full plate because they are afraid of missing the opportunity to eat good food.

If you understand the law of the indices then you can see the irregularities of nexgram's shares price from miles away...

It is called the law of the indices. You may want to google it up LOL LOL LOL

Naturally there's been an indication that the price is dropping to 5,5cents. But tey and ooi managed to cook the price so it does not reach below 6. Simple math really.

Do you want to know how i know tey por yee and ooi kock aun goreng-goreng nexgram's shares

Just compare their average volume with other company. Astro for example which avg volume merely 4million/month while nexgram is 18million/month.

Please tell me, who is in the right mind want to buy 18million worth of nexgram's junk penny stock for investment? LOL LOL

The comparison to astro is deliberate because Tey and Ooi often quotes Astro's foiled investment in Indonesia to boost their morale. It goes like this:

"Protasco will never get it money back. Just look at Astro who take years to sue it Indonesian partners to no avail."

LOL LOL LOL

Nope...it is because nexgram is a pretty dreadful and abysmal company.

Prior to it demise, PT Inovisi Infracom Tbk, the indonesian flagship company of Tey Por Yee and Ooi Kock Aun made many announcement that the company will acquire such and such company or planning on such and such project. All of this while their shares plummeted to 70% and suspended by the SC. Inovisi last corporare action before their management went hiding was the company was acquired by a hongkong based company fortune phoenix investment holding ltd which owned and established by Tey and Ooi.

Watch carefuly, the same exact thing is happening to nexgram now.

To my knowledge, Larry Tey Por Yee and Adrian Ooi Kock Aun are the most despicable human being in the entire malaysia peninsula. Would you agree to my assessment?

Res ipsa loquitor...the facts speaks for itself LOL LOL

Nexgram almost fall to 5 cents. Tomorrow will definitely happens. Cheers LOL LOLp

Who said i'm leaving? Someone in i3 has been removing my posts since this morning. Apparently tey paid large sum of money to i3 LOL LOL

KUALA LUMPUR, Nov 25 — Protasco Bhd’s shareholders will gather tomorrow at Multipurpose Hall, Unipark Suria, Jalan Ikram-Uniten, Selangor, to vote on resolutions demanding the removal of directors Tey Por Yee and Ooi Kock Aun.

Protasco Bhd and its Group Managing Director cum promoter Dato’ Sri Chong Ket Pen have also filed a suit against Tey and Ooi, asking them to refund US$22 million the company paid to acquire a 63 per cent stake in Anglo Slavic Indonesia (PT ASI) alleging that there was fraud and forgeries among other matters.

But Tey’s investment vehicle Kingdom Seekers Ventures Sdn Bhd filed a countersuit against the company and Chong claiming that he made RM10 million illegitimate gains in the transaction.

All of this because Protasco Bhd’s acquisition of a controlling stake in PT ASI, which was initiated in December 2012 and amended in January this year, was terminated in July.

Protasco alleges that Tey and Ooi didn’t disclose their interests in the acquisition.

Tey bought a 27.11 per cent stake in Protasco Bhd from its former Deputy Executive Chairman Dato’ Mohd Ibrahim bin Mohd Nor in November 2012.

Ooi was appointed as Protasco Bhd’s independent director on December 10, 2012.

He was a nominee of Tey, as mentioned in Protasco Bhd’s lawsuit.

In response to our email, Protasco Bhd said Tey nominated Ooi on the basis of the shares he owned in it, which does not necessarily mean the company or its Board knew at the time of appointment that Ooi would be his proxy or agent on the board.

It further replied, no company would be able to recruit/nominate anyone to become, for example, independent directors if the bare fact of nominating them meant they were proxies/agents. And at the end of the day, all directors owe statutory and fiduciary duties to the company and its shareholders especially the minorities, which in this case Tey and Ooi have breached.

In its lawsuit, Protasco Bhd said the Board decided to form an Investigation Committee (IC) to look into the sale and purchase agreement and other matters related to the acquisition of ASI after it was terminated in July.

The IC found out that Tey had an in-principle agreement with Protasco Bhd’s Group Managing Director Dato’ Sri Chong Ket Pen on November 3, 2012 to develop oil and gas based projects in Indonesia jointly with Protasco Bhd.

It was subject to that agreement that Tey bought a 27.11 per cent stake in Protasco Bhd in December 2012.

Protasco Bhd also said that Tey introduced the PT ASI deal to the company.

Apparently, Protasco Bhd’s Group Managing Director Dato’ Sri Chong seemingly knew a few things about Tey’s interests in the transaction.

Responding to our email, Protasco Bhd said the fact that Tey was promoting the deal was known to the Board and it was not prohibited. However, what was not known was that Tey hid his beneficial interest (an actual stake) in PT ASU, which is something that has to be declared and prevents him from participating in Board decisions on the deal.

In his counter suit, Tey claimed Chong made illegitimate gains of RM10 million in the acquisition of PT ASI.

To that, Chong responded that Tey borrowed RM20 million from him in December 2012 to buy shares in Protasco Bhd and the RM10 million that Tey claims to be illegitimate gains was actually a part repayment of the loan.

Sadly, the minority shareholders are stuck between the suit filed by Protasco Bhd that will next be heard on December 8 and the countersuit filed by Tey that will be heard on January 12.

Ultimately, it is up to the courts to decide on these matters.

When they gather for the EGM on Wednesday, the minority shareholders might wonder how independent Ooi was despite being a nominee of Tey.

On the other hand, Bursa Malaysia and the Securities Commission would be watching closely to see if Protasco Bhd obeyed the Listing Rules and other securities laws in the last couple of years.

Certainly, Wednesday’s EGM will not be the final word in what seems to be a long drawn battle. — Investor Central

- See more at: http://m.themalaymailonline.com/money/article/investor-central-protasco-berhads-egm-are-minority-shareholders-adequately#sthash.ZohSdbGQ.dpuf